Short Interest in YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) Rises By 195.3%

YieldMax AMZN Option Income Strategy ETF (NYSEARCA:AMZY) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totaling 822,487 shares, an increase of 195.3% from the December 31st total of 278,546 shares. Currently, 4.1% of the company’s shares are sold short. Based on an average daily volume of 674,454 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 674,454 shares, the days-to-cover ratio is presently 1.2 days. Currently, 4.1% of the company’s shares are sold short.

Institutional Trading of YieldMax AMZN Option Income Strategy ETF

Several institutional investors have recently added to or reduced their stakes in AMZY. Meadowbrook Wealth Management LLC purchased a new stake in shares of YieldMax AMZN Option Income Strategy ETF in the third quarter worth approximately $246,000. Captrust Financial Advisors bought a new position in YieldMax AMZN Option Income Strategy ETF in the 2nd quarter valued at $253,000. Finally, Westend Capital Management LLC lifted its position in shares of YieldMax AMZN Option Income Strategy ETF by 234.2% during the third quarter. Westend Capital Management LLC now owns 14,813 shares of the company’s stock worth $211,000 after purchasing an additional 10,380 shares during the last quarter.

YieldMax AMZN Option Income Strategy ETF Stock Performance

Shares of AMZY opened at $13.12 on Friday. The business has a fifty day moving average of $13.34 and a 200 day moving average of $14.41. YieldMax AMZN Option Income Strategy ETF has a 52-week low of $12.70 and a 52-week high of $20.08.

YieldMax AMZN Option Income Strategy ETF Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 30th. Investors of record on Thursday, January 29th were paid a dividend of $0.0655 per share. The ex-dividend date of this dividend was Thursday, January 29th. This represents a dividend yield of 2,555.0%.

YieldMax AMZN Option Income Strategy ETF Company Profile

The YieldMax AMZN Option Income Strategy ETF (AMZY) is an exchange-traded fund that mostly invests in consumer discretionary equity. The fund seeks to provide current income and capped gains on the Amazon stock (AMZN) through a synthetic covered call strategy, collateralized by cash and US Treasurys. The actively managed fund uses both standardized exchange-traded and FLEX options. AMZY was launched on Jul 24, 2023 and is issued by YieldMax.